Karachi: The KSE-100 Index exhibited a positive trend, climbing by 386 points to close at 116,776, despite a 21% decline in trading volumes compared to the previous session. The session began on a strong note, with the index reaching an intraday high of 972 points.

The index opened with an upside gap, a bullish sign that could indicate a continuation of the current upward trend. While volatility remains high compared to the average of the past 10 sessions, analysts suggest that there is potential for stabilization in the near term. Volume indicators hint at moderate inflows, reflecting a mildly bullish market sentiment.

Immediate support for the index is observed at the 116,300 level. A fall below this could prompt declines toward 115,800 and 115,300. Conversely, resistance is projected around 117,200, with targets set at 117,600 and 118,200. Investors are encouraged to build positions near the support zone, while maintaining risk controls in case of a close below support, according to market analysis from AKD Securities Limited.